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need to back loans and banks were not in the mood to gamble on real-estate so the government would try to make banks feel more secure. the housing act of 1934 created the federal housing administration, the fha. provides insurance to banks who know they get their money back but even with the f h a, banks still might feel nervous. they might want somebody to buy those mortgages from them. in that same housing act of 1934 congress made provisions for a new breed of privately-owned firms called national mortgage association's. they were to buy fha insured loans. just one problem. no private investors wanted to do it. so finally four years later, 1938, the roosevelt and ministration created the federal national mortgage association which became known as fannie mae. was a tiny federal agency. what brought that companies would not do uncle sam would. this was not considered big news at the time. the wall street journal buried the story on page 2 and it was only eight sentences long. i want to point out that was before i started at the journal. otherwise we would have had a bigger story and i
of paying for college has shifted from the federal and state governments to the families. the only type of financial aid that has elasticity is the loans. stafford loans have limits. parent + loans have no aggregate limit. it has nothing to do with the family's ability to repay the debt. the second aspect is the students and parents are chasing the dream, and they will sign whatever piece of paper is put in front of them without paying attention to the details. they figure they will figure out how to deal with it after they graduate. there are ways to reduce your debt such as attending and in state public college or a college with generous financial aid policies. that is one of the most effective ways to do that. once you're on campus, you can buy cheaper textbooks and sell them back to the bookstore. but that does not do as much as just going to a less expensive college. >> is the chasing the dream aspect something that in previous generations was possible and able to figure out after work, or is it in knowledge gap in terms of things have changed? why is it more of a problem now, or i
the government can just let people build and build and build without some sort. of sort host: thank you. guest: you make a good point, but urban development in florida occupies 10% of the state. most of the -- most of the everglades is protected by state parks. if people want to protect more land, they could buy land and put it under conservation easily, but there is plenty of land available sphere without impacting the everglades in the awkward first. to say that we should confine people to 10% of the state, when you have one of the 3 or four most heavily populated states, means you are seeing newcomers are not welcome, existing renters can not buy houses, our children cannot buy houses. that is not the american dream, to stand in the way of our future. host: the book is entitled "american nightmare -- how government undermines the dream of homeownership. this is from drake cinders -- what land use restrictions would you approve of? guest: a buy support local homeowners imposing their own -- i would support local homeowners' imposing their own restrictions. this is how it works in houston, w
, and it would each without utterly beknighted agricultural policies followed by until federal government with subsidizing -- that was a pleatly unnecessary aside -- completely unnecessary aside, i apologize for that. [laughter] originally, it was moved over vast distances in that quite tasty form of whiskey. we then moved to pigs which are, of course, corn with feet -- [laughter] b we have always preferred salted pork to salted beef, and then once this character, armor, figures out about refrigerated rail cars, you put the blocks of ice on top rather or than below the beef so that cold water drips down, you're able to have a single great stockyard in chicago which is moving that, those corn-fed beef in a cost efficient manner east. now, even though cities form for utterly prosaic reasons, miracles happen when smart people come to being around each other, when they learn from one another. think about athens 2500 years ago, or think about florence 600 years ago in the age of the me dissi where a city built on wool and banking, a city who connected brilliant people and learned from one anot
are a synthesized nation now where government thinking. wealth is considered mean. people who work for a living, that's mean. achievement is considered mean because somehow what you achieve was at the expense of somebody else. thinking about well for a minute, i'm going to jump ahead. the thing that drives me nuts is all the celebrities going for increase in taxes. so i thought about for a while and i look at their careers. a lot of them over a span of a decade got into the 20, 30, 40 million-dollar range salary. they're the ones who are saying we should raise taxes on people like me. but the people like them are not people like them. they are people in her 50s who work 35 years getting to a $2 million job. if you saved it you sound like you're defending the rich. but actually they are throwing the rich under the bus. there's a guy in his 50s who has five kids, a couple grandkids. he worked for that money. you didn't. you're an actor. [laughter] [applause] i would say hold your applause until the end but i kind of like if. [laughter] examples of this phony tolerance and what it does is the way
in their wisdom sent a divided government to washington. off group of people in the house of representatives that basically slapped around their own leader and said we won't even consider a tax increase for millionaires, multimillionaires, billionaires. meanwhile, you have got the majority of the senators elected in this body saying we can do more at the top end. those of us who have a lot can get more revenue to address this crisis so you have got this stalemate that was created by two very different groups of people, all elected by the american people. >> now, walking out, i spoke to several of your colleagues, democratic senators who said they were not optimistic, really looking pretty glum. what camp are you in after what you just heard? do you think -- i mean, as you said, the clock is ticking, do you think by tonight or tomorrow, something will get passed to deal with at least the tax cuts that are going up by most americans? >> most successful businessmen and successful people i have talked to are willing to pay more and so it remains to be seen whether the republicans, being driven b
that in three business days, the summit government is going to run out of borrowing capacity. john, if there were a treasurer in a business who went to their boss and said by the way, three business days, the working capital account dies and as a result, you are not going to make payroll next week, that person would be fired. we get three days notice about hitting the debt ceiling? that seems absurd to me. >> it is not a surprise.rise we have known we were coming to this point and there are two months more -- geithner estimated in that letter that the ways in which the federal government can manage money will give about would months worth of head room, possibly even longer. february or march or -- where we really get to the -- rubber hits the road on that issue. so -- this is not a shock to anybody in government but the publication of this letter and the elevation of the issues in attempt was done in 2011. there was an early moatfication by treasury this was about to happen, trying to get congress to move in a -- interest didn't work then. we will see if it works now. >> defaulting
and there will also be spending cuts to government programs as well as the military and that will be spread over with 2013 and the world doesn't come to an end if we go over this quote, unquote, fiscal cliff and instead, a lot of the damage gets spread out and congress does have the power to go back and fix things. >> is it more important that the payroll tax holiday will go away and that is another thing that will end up happening. >> the payroll tax holiday will be a temporary sting, and it was crafted in 2010 and that is right in the waning days of the 111th congress when they still held in control the house of representatives and all of the counter proposals and counter proposals, and house speaker john boehner and the offers we have on the table don't deal with the payroll tax holiday and they go up to people on the amount of money they put in the social security trust fund and that is your payroll tax and those will go up and pretty much regardless if we get a deal or we don't. >> mark murray from d.c., breaking it down for us and the senior editor, thank you, sir. >> as lawmakers in d.c.
that the government has the responsibility to care for them. who believe they are entitled to health care, to food, to housing, to you name it. and so my job is not to worry about these people. i'll never convince them that they should take personal responsibility. >> a very valuable comment. >> i am going to go with bill clinton. >> one speech? >> it was 20 years in the making, the story of the speech, for the first 15 years, republicans treated bill clinton that he was the worst thing that ever happened to american politics. the villain in chief, and after he left the white house, there was the moment in 2008, when republicans decided wait a minute, no, bill clinton is this by-gone symbol of an era, in moderation, they sang his praises for four years, set him up as the good democrat, against obama's bad democrat, and what happens, the good democrat vouches for the bad democrat and disarmed what a lot of republicans were saying about barack obama. >> you have made a reasonable argument. >> i think the enviable one was rick perry, who made the step of going full anti-out immigrant zealotry. >> it
day pain relief with just two pills. >>> look, look. >> this is syria today. government war plains bombed the city of homs. it happened in alep powe as well. at least 80 people are reported dead across the country today. air strikes like these or in street fighting. these twin boys were among the 160 people killed in syria yesterday. it is so tragic. this is where they died. the man who shot this video said that syrian military artillery hit their home. it happen add few miles from where more than a hundred civilians died in a government air strike just a few days ago. >>> a man sent to syria to try to negotiate the end to the civil war says it could be over in a come of months. he's meeting with both sides in damascus, the rebels as well as the leaders. he speaks for thenited nations, not just syria. >> translator: some say i have come here to market a russian american project. i wish i could. there is no russian american problem so hence i did not come to market it. >> i want to bring in richard ross. brahimi is somebody who's very well respect bud somebody who's optimistic. when
relatives, nobody's safe in the city anymore. we don't really see the government picking up that as an issue. i mean safety is the first thing that you would assure to a citizen, right? >> reporter: this isn't the first time a rape case has been reported. but many more never are, but this case has become a lightning rod in india. dissolution with the government -- protesters say enough is enough. >> the brutality of this crime and the way it has been handled kind of insensitive treatment that some of the statements that some of the politicians and some of the people have made ensure that not only me -- i mean everybody has come out to see that this is not done and we are not okay with this. >> they want to see the government take concrete steps to address their concerns. >> surely, definitely. then you know, just faster justice systems. you need to have special courts when it's not open to the public. i think that's still a provision, but you need to have more courts and better hearing and stronger systems. >> reporter: it's no longer about one girl or one particular rape case. it's about in
leaders are charging fraud. official results are due tomorrow. >> a syrian government air strike in a town near the city of homa has reportedly killed dozens. peateur video appears to show the aftermath of the attack which struck a bakery where people were lining up for their first bread in days. in damascus, meanwhile, u.n. peace envoy brahimi arrived today for more talks with president assad. in his attempt to remain in power, assad has cultivated the support of minority groups athin his ethically divided country. elizabeth palmer saw that policy at work during a recent visit to the southern town of swada. >> reporter: conflict has engulfed syria over the past months from one end of the country to the other. but so far it barely touched this town in southern syria near the border with jordan. the people who live here are a religious group that has allied itself with president assad. good afternoon. when we arrived it in town to meet the governor, syrian state media was waiting for us. the regime is anxious to showcase this community full of official supporters willing to reinforce the pa
by the syrian military. that is one of the reasons they believe they come under attack. the syrian government denies they attack civilians lined up for bread. more and more we hear about these incidents. the past two days we are told first in hama province hundreds of people were lined up. this was the first day on sunday the bakery had been opened, that the town had been liberated a few days before that. there were rebels in there and that's where it was targeted. the syrian government denies having done so. yesterday the very next day in homs province we hear of another bakery under attack. women and children were killed in that attack. terrible news. all playing out against the back drop of more diplomacy. people trying to come to some sort of solution there. it hasn't happen. there is fear more of these attacks will happen in the days and months to come. >> i am assuming the government does have some ability to be able to tell whether or not these are rebel groups or if these are women and children who are simply lined up to get bread. that sounds like an explanation that people really ar
. syria's government, however, today posted a statement on their syrian news agency website in which they blamed this on the actions of terrorists. that's the terminology they use for rebel fighters, opposition fighters in syria. they say that that town was targeted by terrorists and that because of that residents in that town called for the military, for the syrian military to intervene to help them to bring safety and restore security in that area. again, the residents we speak with clearly blaming the regime, and it's one day later and we hear of an attack on another bakery in the homs area. this is in the last few hours. you mentioned it a few minutes ago. we heard at least 15 killed, several children. very gruesome video. you see the corpse of a woman being pulled from the rubble there. the rage of the residents there about this happening is element indescribable. suzanne. >> is there any way of finding out? you have two very different stories. any way of finding out whether it's an international -- through an international body or people on the ground, who was responsible for b
chambers, you know, three different areas of government. there's a lot that the executive branch can do. there's a lot of leadership that president obama can provide that he has not provided on this issue, and yes, there's a lot of hearts and minds that have to change in congress, a lot of them republican, and also some democrats. i think it's up to us as citizens if we want to see changes happen, to take off the party label and demand it of our elected officials and the people representing us. a lot of times politicians act because the citizens are demanding it and crying out for it. >> right. >> that's what has to happen on this issue. >> i think, you're right, this is not -- >> we have to lead and they will follow. >> this is not a democrat or republican issue, taken is, it's going to take all of us to do it. and we have to take the politics out of it. l.z., i'll give you the last word. go ahead and go on as long as you want. sorry i cut you off. >> what she described is a microcosm of what's wrong in washington. there's this notion that the nra is a defender of the second amendment
to government. that is a big deal for a lot of people. >> eric: surprising mike didn't make that his sub favorite story of the year. >> juan: she is right. in terms of the american history, the social safety net and this was the missing element. republican and democratic presidents tried to do it and failed to. it's an incredible accomplishment for any president. >> eric: are your siz that we find new taxes in the law? medical device tax. investment tax. >> juan: look, everybody agrees there are blank pages. we don't know what is to come. >> andrea: doesn't that scare you? >> juan: what scares me, rather than get on board there are peep delight in congress shooting spitballs. >> greg: legitimate criticism is not a spitball. nancy pelosi didn't bother to read it. that is not a spitball if you flow a large portion of the economy going to government that do nothing right. that is not a spitballle just why do republican governors say we're not going to do this. let the fed do this. they said we don't like big government. they should control it. to me this is just like we don't likebe you guy
wants to do is put every gun sale in the country under the thumb of the federal government. congress debated this at length. they said if you're a -- a hobbyist or collector, a hunter in virginia wants to sell the gun to another hunter, they ought to be able to do it without being under the thumb of the federal government. >> if you want to check and screen more thoroughly for the mentally ill, why not screen more thoroughly for everybody and eliminate the fact that 40% with buy a weapon without any background check? >> we don't prosecute anybody under the gun laws right now. >> that's not responsive to the question. i hear you saying you can't do anything about high capacity ammunition magazines because it simply won't work yet you're proposing things that might not work. you're standard is anything that has a chance of working we ought to try except when it has to do with guns or ammunition. don't you see that people see thoo as a complete dodge? >> nra supports what works. we have supported prison building, supported projects where every time you catch a criminal with a gun, a dru
fiscal cliff deal. meantime, treasury warns the government will hit its legal borrowing limit by monday. it's thursday, december 27th, 2012 and "squawk box" begins right now. >>> good morning and welcome to "squawk box" here on cnbc. i'm andrew ross sorkin along with joe kernen. becky continues to have the day off today. our guest host today is bob broska. house speaker john boehner urging the senate to come up with a passable fiscal cliff solution. he's promising to at least consider any bill that the upper chamber produces. senate majority leader harry reid now expected to base any legislation on a bill passed earlier this year to continue tax breaks for households will incomes below $250,000. a senate bill would likely contain an extension of expiring unemployment benefits. and the other big news of the morning, treasury secretary tim geithner unveiling a plan to buy time under the debt ceiling. in a letter to congress, geithner saying that treasury is going to begin taking steps this week to delay hitting the government's 16$16.4 trillion borrowing limit. treasury will tak
and the government and tell you who is on what side of the market so we're looking at speculator is being more of the bullish crowd where commercials or hedgers and these are the traders that are not neutral. they are not speculating. they hold on the other side the other side of the trade in the cash market so we are looking at the currency market in particular, they are setting up for a strong u.s. dollar rally where they are heavily short of the british pound and the australian dollar and swiss franc, getting some movement. shibani: it is clear it is a set up but what is the cat was to cash in on this? >> the catalyst no matter what the response is out of washington with the fiscal cliff it is going to slow the economy next year. raising of taxes, cutting down of government spending will decrease economic growth, gdp growth which calculations -- shibani: we're predicting a slowdown but predicting a rise in currency in u.s. dollar. how does that -- >> good question. for safety. the bond market everyone is bearish on the bond market because interest rates should go up but in all reality the c
in the american government leading up to and through the sksz successful completion of the raid against osama bin laden the american people would have been proud. >> up next, a very different set of parameters leading to a tough decision. it's a choice that millions of women face in the course of their lives. >> the stress was just overwhelming. i couldn't live up to that responsibility. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> for a little over two years anne marie slaughter held one of america's most important jobs. >> i will let anne marie start. >> as director of policy planning at the state department she worked extremely closely with secretary of state hillary clinton, traveling the world and providing strategic analysis and advice on the day's most complex and urgent international issues. she was the first eve
-span covering the activities in the american government leading up to and through the successful completion of the raid against osama bin ladin, the american people would have been proud. >> up next, a very different set of parameters leading to a tough decision. it's a choice that millions of women face in the course of their lives. >> the stress was just overwhelming. i couldn't live up to that responsibility. , wait up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. have a healthier holiday at letsfightholidayfat.com. he opened up jake's very private world. at first, jake's family thought they saved ziggy, but his connection with jake has been a lifesaver. for a love this strong, his family only feeds him iams. compared to other leading brands, it has 50% more animal protein... ...to help keep ziggy's body as strong as a love that reaches further than a
to see i increase my interest because these guys can't run a government, you're looking at going toward a recession where we're playing politics in washington. this is very serious. this is not just beltway rhetoric here. i think that people need to understand to the point of calling their congressional representative in outrage today saying, we should not be at this point. they're playing politics with the actual livelihood of families. this is not something that it will be all right a week or two or three or four. we start to go down that cliff, we don't know whether the momentum downward is going to be very, very damaging. >> yeah. >> maybe. >> you got na smirk on your face. >> maybe. i agree with the reverend that they're playing politics with livelihoods, because it is a huge risk. you're right about that. i disagree a little bit on the sort of dramatic, immediate impact of it. what we could get -- this is a possibility, and i'm trying to be optimistic because it's towards the end of the year. it's been crummy for a lot of people. we could get a deal the third week of january where
is not the right solution. we can still count on government to disappoint us each and every time that we need their support, that's a beginning, yet we've had two 10% corrections already this year in stocks, including dividends. they are up close to 14%, and this type of environment, where you're probably going to see another 3% to 5% selloff because of this fiscal announce, fiscal irritation, and when you get that, you should take that money and put it to work. simply because when you look at corporate america, the average company, bill, is generating a 16% to 17% return on equity, record free cash margins and a federal reserve that has the pedal to the metal. what you and i have talked about before repeatedly, $4 in taxes for every dollar in phantom spending cuts. that's fiscal irritation, but the health of corporate america will be what ultimately prevails. >> sounds like david has been reading your book, rick santelli. >> it does. >> big fan of rick. >> this is such a perverse world we live in, okay. let's look as what's happening. down 158 in stocks and that pushed the ten-year yield und
short a stock. that was a good rule. but somehow the government got talked into abolishing it to make things quicker, it just made things easier for the shorts. a lot of good that did it. the reason a lot of home gamers left the building. the government doesn't seem to care. we established the original rules, the upparticular rules, to stop the formenting panic. something that happened in the great depression. the government seems to think panics are no longer possible. actually, we know they are more prevalent than ever. we have to be careful not to succumb to panics who are orchestrated by short sellers. much easier to panic people in a financial than a regular business that doesn't involve credit. without those protections, the shorts were able to run wild and pratt particularly assassinate the stocks during the crash of 2008, until in 2009, the bulls were back in control. in 2011, using weapons of mass stock destruction. dealing with a heavily shorted stock in one of the s, like the financials, we leashed you have to tread very carefully. you can still find great opportunities in
value, at the turn of the 20th century where government spending was 9% of gdp, we're now at 25%. there are some that say, take what we give you and retrofit government to the size of 19% or 20%. do that first. he just wants to shrink what it's grown to, this unwielding federal government that -- don't you think 25% needs to come down? >> well, part of that is cyclical. >> okay. so at 3%? >> 21, 22. >> i would say 22. >> so we have to get it down to 20.5. >> the three big beasts in the budget remain medicare/medicaid, social security and defense. you have to cut almost everything else to zero to get close to balance or to make a big difference. so i think in today's world, given that those entitlements, even if you reform them and cut back back will increase as people like us eventually retire. it seems to me that sizing the government for something around 22 or so is probably doable. but not easy to get to. because you still have to have major cuts and major long titlement reform to get there. >> you see one of the major ceo guys, and i'm not going to quote which one, said yest
and the storm would be generated by the markets and the loss of confidence in american governance and the american economy, but that's not necessarily going to be the case. we still have a few days left. a white house official told me that there have been no progress over the last couple of days, but an aide to senator harry reid told me there's still a 50/50 chance we get a mini deal that would put off the effects of the cliff at least temporarily and a 50/50 chance of that happening before january 1st. so even though there's a small number of days, sometimes the urgency of a deadline forces lawmakers to overcome differences they can't overcome otherwise. >> remind us, john, a mini deal is composed in the senate but still has to pass through house republicans and boehner or not? >> yes. and the question about the mini deal would be, what we're talking about, just to make clear for our viewers, would be a temporary extension of tax cuts for incomes under $250,000, a couple of months, for example, a temporary turn-off of the sequester, the automatic cuts equally in defense and nond
transfer $10,000 of your money, it triggers your bank that goes to the federal government. but you can go online and with free holiday shipping purchase a high capacity magazine. even the law enforcement in the communities have no way of know ing a large number of weapons, perhaps a bullet proof vest. that might send off a few alarms. making it harder to exercise the right to vote. we should think that people are more responsible owning a gun than casting a ballot. that is part of what is being revealed. >> i want to go to one other finding in this study about this. it is about the notion of people need guns for protection. >> there is no evidence that a gun in the home reduces the likelihood of severity during a break in. it is actually going to be usable in a way that will protect you. >> to the contrary. those same studies have shown, they are are more likely to go through if there is a gun in the house. what is more likely to happen is you are going to get shot. what happened is, they didn't kill the shooter. the shooter killed themselves. they were in able to get to it. >> they looke
. directly ahead big government tanging the war on tobacco to a new extreme. this time targeting cigarettes and big league chew, kimberly has more on the smoking gum next. ♪ ♪ [ male announcer ] imagine facing the day with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. antidepressants can increase these in children, teens, and young adults. cymbalta is not approved for children under 18. people taking maois or thioridazine or with uncontrolled glaucoma should not take cymbalta. taking it with nsaid pain relievers, aspirin, or blood thinners may increase bleeding risk. severe liver problems, some fatal, were reported. signs include abdominal pain and yellowing skin or eyes. tell your doctor about all your medicines, including those for migraine and w
of the bush tax rates and they go back to the clinton rates. the government would be bringing in more revenue, but that's going to take some time. that's not going to happen immediately and it's a relatively small amount in terms of what the government is spending every single day. that money would be spent pretty quickly. so, again, because we're now at this point where this is just a short-term deal, any of the major entitlement reforms that would actually bring major spending cuts are sngsly off the table right now. so, to answer your question directly without pointing a finger at either party, report the facts, there's no major spending cuts here, so it would not have a major impact on the deficit even if they get a quote, unquote deal. >> ed, your last question, your favorite show to do on fox news. >> i'm going to get in trouble. i love "the five" i love bret and i love shep and chris wallace-- >> and public relations-- >> let's go to mike emanuel also in d.c. and following the dramatic on capitol hill. surely this is your favorite show on fox, your debut on "the five", mike emanuel. >>
it is as long as you're in congress you will reign in spending and reform government, not raise taxes. it not for 500 years or two generations. it's only as long as you're in the house or the senate. if he stayed too long, that's his problem. but you don't tell the bank, other, the mortgage, wasn't that long time ago? if you make a commitment, you keep it. >> coming up, was mitt romney done in by his own party? when we come back, the republican presidential candidates who may have inflicted mortal damage on him rather than president obama. >> i'm just going to go back to the empty chair, when i was going to be todd akin, who was going to talk to me about what hide said about rape and women. sin ints just the chair, my obvious question would have about why are you such an offensive idiot to women? and the second obvious question, which again has to go to the chair unfortunately, would be why haven't you resigned yet? anyway, let's leave it there, shall we? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best
of federal workers and businesses that rely on the federal government. many are watching the negotiations closely. if partisan politics prevail and they cannot reach a deal, americans in maryland will burden will -- will be burdened. legislativent of observances had a report about what the impact would be. if we fall off the fiscal cliff. maryland will lose $178 million in funding next year. economists say to make up for it, the state will have to make cuts. >> it will be a challenge to make the ends meet. >> the greater economic impact could be huge hit in sales and income revenue. the state would lose about $268 million in 2013 and another million in 2014. >> small business innovation. these are tied up in those revenues. >> the already struggling job market would take a hit. >> the 53,000 -- the 53,000 jobs is conservative, but other people believed it could be higher. >> a tax is designed to be paid by the rich. if we go over the fiscal cliff, many middle-class families will be paying the tax because maryland is a high income state overall. a lot of people here will be affected. ♪ >
. that town harbors a lot of anti government sentiment. liberated by rebels just a week ago. and because of that, they were targeted by the regime yesterday. they issues a statement and blame what happened to terrorists, and that's the term they use when talking about rebel fighters. the townspeople called for help. called for intervention from the syrian regime. and they sent in military and started killing and arrested terrorists there. diplomacy is still going on to forge some sort of path for syria. the joint u.n. arab league envoy to syria arrived in damascus last night and he left the country since then and spoke to reporters briefly this morning and told them about his discussions with assad. here is more of what mr. brahimi had to say. dana, mr. brahimi has since left syria he says the situation is dire and he hopes they can come to some agreement to alleviate the misery for the syrian people. >> you are on the phone, and lucky enough to get you face to face. thank you for that and for that report. as gruesome and grim as it was. >>> ahead on "starting point" criticism from the r
of government in american life, that's why it is so hard to get to a deal. >> how dramatic. who would think talking about money and fiscal issues would garner so much drama, jessica. >> reporter: well, it is washington. and it is a lot at stake. it is about people's taxes, and, you know, the social safety net in america. it is the difference between democrats and republicans. >> yeah. we're going to talk more about the money now. thank you, jessica yellin. appreciate it. to new york now, joining us rick neuman, chief business correspondent for "u.s. news & world report." i want to ask you about the tax increase if there is no deal and tax rates rise, when would workers begin to see that reflekr reflected in their paychecks? when does the pain start? >> this is not one tax hike. this is about nine different sets of taxes. and the one that would go up right away is the payroll tax. that was cut temporarily in 2 009, cut by two percentage points and will go back up by two percentage points and that would come out of workers' paychecks right off the bat. it would add up to something like $60, $
the government at this point needs to understand that we should be able to trust you to do the right thing, put politics aside and think about us, the people that's why we have government. fix it. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... you know it even after all these years. but your erectile dysfunction - you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all
-home pay shrinks and the government spending gets slashed if elected officials cannot figure out a way to get compromised, all in the hanlds of the six leaders. this afternoon the president, vice president biden, senate majority leader harry reid, house minority leader nancy pelosi, all on the democratic side, mitch mcconnell representing the republicans, white house correspondent brianna keilar, the house doesn't return to work until sunday so they'll work on a framework hopefully could get voted on sunday evening we might have a deal before monday. am i being ridiculous? >> reporter: maybe not sunday evening, maybe on monday, that's the best case scenario but ali, i will tell you talking to sources this morning, even though technically it is possible for there to be a deal, it seems increasingly unlikely. i'm hearing a real lack of confidence that we don't go over the fiscal cliff and i think the expectation is that perhaps we go over it for a day or two, and some are rationalizing that you can go over it maybe for a day or two, and it's still going to be okay, that it's something th
. >> eric: we have to leave it there. directly ahead big government tanging the war on tobacco to a new extreme. this time targeting cigarettes and big league chew, kimberly has more on the smoking gum next. ♪ ♪ p.m. eastern. now back to new york and "the five." ♪ ♪ >> welcome back to "the five." shop in saint paul has been warned to stop selling candy smokes with bubble gum cigars after they are trying to prevent kids from trying the real stuff one day. does anyone want to tie it throt is a nexus between candy cigarettes and bubble gum cigars and taking up smoking? any takers? smokers amongst us? >> greg: this research is created to prove the point researchers want that candy cigarettes lead to real smoking. all kids had candy cigarettes. ban hot wheels because kids fast on them. cap gun leads to real guns. making a finger like this should be banned. no more using -- >> bob: making a finger lik like -- never mind. >> andrea: that is banned. >> bob: of course it should be banned. >> eric: they're fun. >> bob: it's a law. it's a law. >> andrea: i had those. look at me. >> eric: t
sack. that's right, tonto. you see, the overland express company signed the government contract to carry the mail three months ago. then why martin rob mail? that's what puzzles me. martin go too far this time. yes, tonto. he's endangered the reliability and integrity of the united states governemtn postal service. kimosabe! a letter with name on it. but empty inside. that's strange. looks like the only one that's been opened. from sam dingle in river town. sent to land claims office, desert city. this was important. it's the only thing that ox martin was really after. tonto, you put the rest of the mail in the sack and take it back to the express office. me say me find it here. but don't say anything about this one yet. i'm going to sam dingle's myself. you meet me there later. ♪ k ke i'm doing? fixing my boots. but why? you won't have to wear them again. just because i discovered a motherlode don't mean that i have to give up walking. school starts again today. while i'm teaching class, can i trust you not to go near that horrible desert again? who said it's horrible? i'd ra
, not by taxing and not going about it the way the government is talking about it. the far and away, the number one place it avoid are long-term interest rates sensitive bonds in the united states. if there was ever an investment more obvious to avoid, i don't know what it is. stay way from government bonds that mature more than five years out and your 401(k) plans, get out of all of your bond funds, equities will rise in 2013. even though the economy is in a terrible position, stocks will rise, bonds will fall in value. stay away from bonds. >> all right, we will watch that. bob, jump in and tell us about the action on the street. down 51 point at close. was that the low, bob? >> no, not quite. we were just a little bit lower than -- take a look the a dow and i will show you. by the way, bonds collapse was the big call of 2012, and spectacularly wrong for a lot of people. but that's still on for a lot of people. there you see, just off of the lows there. maybe about 60-something is the bottom on the dow jones investment average. trading shortened by the holiday. material stocks led the way and
financial gifts from the government, and then work very aggressively to turn them out to vote, and that strategy worked. >> that explanation got mitt romney attacked and condemned by the likes of bobby jindahl and other republicans. they're now trying a new approach. tag romney said this about his father. he wanted to be president less than anyone i knew in my entire life. he had no desire to run, says tag, who worked with his mother and to persuade his father to seek the presidency. if he could have found someone else to take his place, he would have been ecstatic to step aside. too bad he never told newt gingrich that. joining me now, msnbc's joy reed. i'm on the verge of feeling sorry for them, trying to come up with these crazy reasons about why he lost. and now they want to pretend that this guy who lived his whole life in order to run for president didn't really want to run for president. >> yeah, i know, lawrence. there is nothing more failing than failing to win something and say, i didn't want to win, anyway. who wants that. the problem with that, of course, is the hi
significant increases in their ratings. >> look at young brands, up 1.5%. the chinese government has cleared chicken samples from various kfc restaurants. some concerns last week because some of the chicken that they procured from various farms were found to have high levels of antibiotics. 32 samples passed for antibiotics and steroids. some major issues for yum brands, 44% of its revenues come from china. getting the clearance at this point, very good news, and we're seeing the stock respond accordingly. bob pisani is here on the floor with more. >> good morning. merry christmas, everybody. over the weekend, is there a plan c on the fiscal cliff floating around. the only offer that's really on the table, and i hate to get so simplist simplistic, was the president's offer. he mentioned it at the press conference late friday afternoon, and that's raise taxes on the top 2%. that's basically the offer on the table. there's a lot of people trying to throw in a lot of spending cuts into a so-called plan c, raise the medicare eligibility age from 65 to 67. that's really an afterthought going in r
them and the government knew where they were because they were all registered were required to hand them in even the target shooting olympic team was not allowed to keep guns in the country and they had to practice and keep their guns abroad, but nonetheless, within the decade of guns being withdrawn from these people gun crime with handguns actually doubled and guns are really are awash on the streets and there's a fair amount of street crime using handguns which there hadn't been much of before, and it's beyond which was something that traditionally they never were. so it hasn't worked and what it has done and it's taken the guns away from the law-abiding people that might have used them to protect themselves or to do something else with legitimately. >> what do you say to people who look at united states and say, wow! random mass murderers -- i heard it today. random mass murders in the united states where some whacko killed a bunch of people he doesn't know seems to happen every six months in the united states and it doesn't happen as often in other places. are they wrong about
russia's accession to the world trade organization. the amendment which had govern the a lot of u.s.-russian/soviet relations going back to the 1970s had to be replaced. it was replaced in congress by the act which set russia's worst human viets violators there should be consequences when it comes to getting visas. vladimir mute indecided to lash out to the united states by pointing a figurative rifle at the head of russia's orphans. >> we improve russia's trade relation with us, officially and then he gets upset because buried within there is a little clause that says, as you point out, the worst human rights violators should have trouble getting into the united states. how far should we go, throw, right? i brought this up last night and i'll bring it up again with you. in the united states we believe that people all over the world have certain rights regardless of geography, regardless of ethnicity, regardless of religion. they are inalienable and it is unfathomable to us that there are parts of the world where they don't believe that. it's amazing, but true. how far do we go in
a bakery is bombed in syria. the latest on the devastation and why the government is firing on its own people. next. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with unlimited talk and text. hurry in for a droid razr m by motorola for $49.99. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> welcome back to "early start." the u.n. special envoy to syria speaking to president assad in the wake of another gruesome day. in what the u.n. special envoy to syria rahimi said. "we have exchanged opinions about the possible steps that can we taken in the future. the syrian president spoke about his view regardi the situation. i also
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